Zhejiang Laifual Drive Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-170.61	-168.78	-168.79
Depreciation & Amortization	23.58	21.72	21.2
Other Amortization	1.59	1.45	1.38
Loss (Gain) From Sale of Assets	4.22	1.78	2.78
Loss (Gain) From Sale of Investments	-0.5	-	-2.16
Stock-Based Compensation	3.22	-	-
Provision & Write-off of Bad Debts	8.19	1.69	1.93
Other Operating Activities	146.03	145.17	145.77
Change in Accounts Receivable	-164.33	-19.06	-22.8
Change in Inventory	-20.73	-12.61	-8.59
Change in Accounts Payable	92.15	3.84	-5.69
Change in Unearned Revenue	11.69	-0.93	0.2
Change in Other Net Operating Assets	2.08	-7.96	-0.46
Operating Cash Flow	-63.41	-33.69	-35.23
Capital Expenditures	-117.73	-48.17	-62.07
Sale of Property, Plant & Equipment	0.1	0.04	0.34
Investment in Securities	-34.58	-30	71.43
Other Investing Activities	-	0.04	0.14
Investing Cash Flow	-152.22	-78.1	9.84
Long-Term Debt Issued	203.64	48.57	25.66
Long-Term Debt Repaid	-39.92	-12.66	-9.46
Net Debt Issued (Repaid)	163.73	35.91	16.2
Issuance of Common Stock	17.47	-	-
Other Financing Activities	-2.58	-0.8	-0.86
Financing Cash Flow	178.62	35.11	15.34
Foreign Exchange Rate Adjustments	-0	0.03	-0.02
Net Cash Flow	-37.01	-76.65	-10.07
Free Cash Flow	-181.14	-81.87	-97.3
Free Cash Flow Margin	-69.44%	-76.00%	-102.92%
Free Cash Flow Per Share	-6.59	-2.99	-3.56
Cash Interest Paid	2.58	0.8	0.86
Levered Free Cash Flow	-199.21	-47.87	-
Unlevered Free Cash Flow	-197.93	-47.38	-
Change in Working Capital	-79.14	-36.72	-37.34